Reassessment - AY 22-23

The ghost of reassessment for AY 22-23 is still not gone even though 31 March 2026 has passed by (which is the default time barring date).

There is an interesting sub-section 148A(4) which reads as under:

(4) The provisions of this section shall not apply to income chargeable to tax escaping assessment for any assessment year in the case of an assessee where the Assessing Officer has received information under the scheme notified under section 135A.

If we go by this, AO need not issue 148A and he can directly issue 148 notice by 30 June 2026.

Does anyone have any insights on what exactly could get covered in this?